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Top strategies to reduce retail shrinkage

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Part 1: CCTV Surveillance – The eye in the sky Each year three per cent of retail sales is written off to the wasteland of retail shrink. Comprising the elements of shoplifting, employee theft, fraud and inventory error, this shrinkage costs the Australian economy $2.7 billion, or $424 per household per year, according to the…

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Staying a step ahead of the retail theft game

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For as long as there has been retail there’s been the good ol’ five finger discount. And for as long as shop owners have been finding inventive ways to protect their wares, would-be thieves have been carefully crafting creative ways around them. The challenge for the modern retailer is that in the past retail security…

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Why RFID is revolutionising retail?

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RFID is one of the biggest innovations the retail landscape has enjoyed over the past 15 years, but this little acronym stands for a whole lot more than just radio frequency identification. Its constant evolvement and refinement is not only revolutionising product security but changing the playing field of inventory and data management beyond recognition. Here’s…

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Why do well-off people shoplift?

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shoplifter definition

By Kathryn Westcott BBC News Magazine Chef Antony Worrall Thompson has apologised for shoplifting from a supermarket. But what makes people steal things when they have enough money to pay? Worrall Thompson has apologised for his “stupid and irresponsible actions”, after being cautioned by police for leaving a branch of Tesco without paying for small…

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Inside the mind of a pathological shoplifter

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retail security shoplifting

By Adam Eley BBC Victoria Derbyshire programme The thought of shoplifting may well conjure up images of teenagers trying to impress friends, but for one woman – who has been shoplifting for over 20 years – it has become a compulsion that is dominating her life. For Laura – not her real name – it…

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What can you do if you catch someone shoplifting?

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shoplifting checklist

by Candice Fraser Senior Paralegal @ Colin Biggers & Paisley In brief – Retailers and their employees have a right to make a citizen’s arrest f you are sure that you have seen someone shoplifting, you have the right to make a citizen’s arrest and use reasonable force to detain the shoplifter. However, bear in…

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